Patrick Cannon considers the practical difficulties involved in making disclosure when filing an SDLT return and suggests some solutions
Patrick Cannon considers the practical difficulties involved in making disclosure when filing an SDLT return and suggests some solutions
One area of current difficulty in SDLT is how (and what) to make by way of a disclosure when filing a return so that HMRC cannot raise a 'discovery' assessment once the normal enquiry period of nine months and 30 days has passed since the effective date of the land transaction in question. There is nothing for the taxpayer to feel guilty about in seeking to rule out a discovery assessment and indeed the taxpayer's funders and probably also HMRC have an interest in the certainty that ruling out a subsequent assessment brings. The issue of disclosure by way...
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Patrick Cannon considers the practical difficulties involved in making disclosure when filing an SDLT return and suggests some solutions
Patrick Cannon considers the practical difficulties involved in making disclosure when filing an SDLT return and suggests some solutions
One area of current difficulty in SDLT is how (and what) to make by way of a disclosure when filing a return so that HMRC cannot raise a 'discovery' assessment once the normal enquiry period of nine months and 30 days has passed since the effective date of the land transaction in question. There is nothing for the taxpayer to feel guilty about in seeking to rule out a discovery assessment and indeed the taxpayer's funders and probably also HMRC have an interest in the certainty that ruling out a subsequent assessment brings. The issue of disclosure by way...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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